In 2023, the tax expenditure on coal for consumers in the UK was estimated at $890 million. The forecasted data from 2024 to 2028 shows a steady increase, with values rising from $918.21 million in 2024 to $1030 million in 2028. Year-on-year growth rates are approximately 2.95% from 2024 to 2025, 2.84% from 2025 to 2026, and 2.73% from 2026 to 2027. The compound annual growth rate (CAGR) over this five-year period is around 2.92%.
Future trends to watch for include potential policy shifts towards renewable energy sources, which could impact coal consumption and related tax expenditures. Increased environmental regulations or shifts in government energy subsidies are also critical factors that could alter expenditure forecasts.
